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to curtail / limit / reduce the loans - as creditor, and even as debtor
Explanation: I believe the idea is:
- there is a right of limiting loans, i.e.
* you cannot give loans to exceed a certain amount - because there is a growing risk of not getting the money back -
* and also you cannot borrow too much money - and i think this has to do with the debtor's credibility.
The last case is an exception - generally creditors do not lend money to people that already have a lot to pay back, so there is no need of limiting the amount of money one can borrow. In your case, this amount is also limited to increase credibility of the members of the Chamber of Commerce.